PMP · Question 73 · Task 11: Plan and manage procurement
A project manager discovers that a critical vendor has been experiencing financial difficulties and may not be able to complete their contracted deliverables. The vendor represents 40% of the project scope and finding an alternative would require 6-8 weeks. The project is currently on schedule with 3 months remaining. What should the project manager do FIRST?
Answer options:
Assess the vendor's actual financial status and likelihood of completing deliverables
Immediately begin searching for alternative vendors to replace the current one
Negotiate payment terms to help the vendor complete the work
Escalate to senior management for guidance on vendor replacement
100 questions · hints · full answers · grading
Expert